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Global Gaming Network, Inc. CEO Issues an Open Letter to ShareholdersGlobal Gaming Network, Inc. (PINKSHEETS: GBGM) Announces Strategic Market Focus for Its Highly Popular Branded Mobile SportAlert.com Information Service in an Open Letter to Shareholders (May 31, 2012)
LOS ANGELES, CA -- (Marketwire) -- 05/31/12 -- Global Gaming Network, Inc. (PINKSHEETS: GBGM) President and CEO Stephen Kern issued an open letter to shareholders today. In this letter Mr. Kern shared the direction GBGM will take to get the most profitable returns with its branded mobile sports alert service, SportsAlert.com, and its proprietary mobile messaging technology.
Dear Fellow Shareholders,
Mobile text messaging (SMS) is growing at a dramatic pace with greater percentage increases every year. In fact, according to an August 2011 report by comScore, 234 million Americans used mobile devices and 78.5 million people in the United States owned smartphones.
Additionally, Pew Research reports that "84% of American adults own cell phones and 73% send and receive text messages." As well, "47% of American adults use their cell phones and tablet computers to get local news and information."
The SMS advertising sector has been the focus of our operations as we believe that this form of advertising is the most effective vehicle for reaching a highly receptive and responsive audience, the young male consumer. In fact, mobile is the advertising industry's fastest growing media channel, estimated by Mobile Marketing Association "to approach 4 billion in global revenues in 2014."
We believe this data validates our business plan, emphasizing our focus on growing our mobile information and technology services.
Here's how we plan to take advantage of these trends and the exciting opportunities in this space.
Over the past several months we have assessed our strengths, assets and intellectual property to determine the most productive and profitable direction for our company.
We had two primary goals:
- Identify new markets for our mobile alert services.
- Formulate an aggressive plan to introduce and market our innovative and affordable mobile messaging platforms.
I am pleased to report we achieved both of these goals.
Details will be released to shareholders and the public as we reach important milestones. However, here's some of what we hope to accomplish over the next twelve months:
- Continue to build SportsAlert.com, the leading independent mobile sports information service, with its highly recognizable brand.
- Leverage the success of SportsAlert.com to expand into coverage of new sports and entrance into the lucrative international market.
- Broaden the revenue base of the SportsAlert service with new co-marketing arrangements with popular fantasy sports and gaming websites.
- Upon the completion of our anticipated financing, we plan on creating our Global SMS platform. It will utilize our proprietary messaging technology and offer a highly competitive modem and internet-based solution to other businesses, now controlled by the giant telcos.
- Subject to the attainment of our funding goals and the subsequent development and implementation of our Global SMS platform, we anticipate dramatic revenue growth on a yearly basis.
As we reach these milestones, we will report on our progress via news releases so shareholders and the general public are kept up-to-date about our achievements.
Thanks for this opportunity to bring you current on what's transpired and planned for the future for your company.
Stephen Kern, President and CEO
About Global Gaming Network, Inc.:
Global Gaming Network, Inc. is developing and distributing digital entertainment and sports information for online and mobile platforms.
It owns and operates SportsAlert.com, (www.sportsalert.com), the leading independent mobile sports information service in the United States and Canada, an established and branded business operating in the mobile advertising and marketing sector.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.
It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
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